General Mills is due to report quarterly earnings tomorrow. It is expected to report earnings of $0.91 on revenue of $4.94 billion.

GM’s share price is currently trading at around $81.23 a share. From a technical perspective we can see that the stock has broken out of the bearish trend (red trendline), and is now supported by the green trendline. Support below sits at $80.61 then at $80 (along the trendline). A break below the trendline could see the price test further support levels at $79.19 followed by $78.22. On the other hand, as the bullish momentum is now in play, resistance sits at $81.56. A break above this point may see the price of General Mills’ stock reach the $84-$85 price range. The company is expected to report quarterly earnings tomorrow before the US market opens. It’s expected to report an EPS of $0.91 on revenue of $4.94 billion. A negative report could to a wobble in its stock price, however, a positive report may break this resistance barrier and hike higher. Looking at the indicators, they are in a good position and suggest further upside, with RSI reading 60.